Staff shortages among licensed professions have been successfully addressed by changing the model in the medical and legal professions. The solution is simple: focus skilled licensed staff on the right duties and supplement them with trained lower level staff. The result: Licensees handle more cases, work fewer hours, produce more income and, as a byproduct, [...]
A Scarcity Mentality is the zero-sum paradigm of life. People with a Scarcity Mentality have a very difficult time sharing recognition and credit, power or profit – even with those who help in the production. They also have a a very hard time being genuinely happy for the success of other people. Yet it is [...]
Equalize Price Points to Crystallize Personal Relevance. This is the first recession to show a measurable impact on DeathCare. Most surprising have been the many reports from rural and "rustbelt" funeral directors that cremation has recently spiked, not because people in their markets want cremation but BECAUSE THEY CAN'T AFFORD BURIAL. YIKES!!!! A recent article [...]
I read a lot and sometimes I preorder new books. This Winter I preordered "THE REINVENTORS, How Extraordinary Companies Pursue Radical Continuous Change" By Jason Jennings. I started reading it last week and when I turned to page 60 lo and behold what did I see? My friend Bill McQueen as one of the case [...]
When Growth Stalls, How it happens, why you’re stuck and what to do about it. By Steve McKee, Jossey-Bass 2009 “when growth stalls, everything begins to break down. Confidence wanes, and it can be difficult to tell which problems are cause and which are effect.” This simple statement hits too close to home in an industry [...]
I started my career in business turnarounds in the 1970's when I worked for a company whose business it was to buy and "refurbish" distressed businesses and resell them. DeathCare is in need of a turn around. There are different types of turnaround strategies and turnaround strategists. Many are simply liquidators who cut costs so drastically [...]
What employee turnover reveals about your leadership. Employee turnover can reveal a lot of things. Surely turnover is normal but both too much and too little are signs of serious management issues. The pressures of the last ten years have led many in DeathCare to be frustrated with their employees. An attitude has sprung up [...]
Funeral home valuation, Funeral home appraisal, Cemetery Valuation, Cemetery Appraisal EBITDA became popular in the 70s and 80s when buyers were trying to locate companies that had strong cash flow outside of financing and capital Expenditure concerns. Since buyers were going to change the capital structure anyway, it was convenient to have a quick apples to apples [...]
A Management lesson from the bible One of the most common and pervasive staffing problems in funeral service is the man or woman who undermines almost every current and future issue management tries to address. They are the "Mayor of the Prep Room". No matter what initiative you attempt, they quietly work behind the scenes to [...]
Part 3 Willfully Overpricing to Stimulate Curiosity Last week we discussed the commoditized customer and the second of 4 pricing strategies: “Using Price Structure to Clarify Your Advantage.” If you didn’t think I was certifiable last week there is a good chance you will be thinking about sending me for treatment this week. Please remember: [...]
